Participation and Traditional Banking Comparison 2013-2015 Years: The Case of Turkey Cover Image

2013-2015 Yılları Katılım Ve Geleneksel Bankacılık Karşılaştırması: Türkiye Örneği
Participation and Traditional Banking Comparison 2013-2015 Years: The Case of Turkey

Author(s): Selçuk Bakan
Subject(s): Supranational / Global Economy, Micro-Economics, Islam studies, Present Times (2010 - today), Financial Markets
Published by: Sage Yayınları
Keywords: Islamic Finance; Banking Sector; Participation Banking;

Summary/Abstract: The fact that the interest, which is a must in the banking sector, is forbidden in the Islamic religion directs individuals to interest-free banking in Muslim societies. This case leads to an increased interest in the Islamic finance and Islamic banking in the world economy. In Turkey, the participation banking sector, which is the manifestation of interest-free banking, has demonstrated a rapid growth in recent years. This study provides information about Islamic finance, Islamic banking and participation banking, analyses some financial titles about the participation banking sector in Turkey between 2013 and 2015, compares and contrasts between general banking and participation banking, and analyses the state of participation banking sector. Findings show that while there was a decline in the participation banking sector in 2015 compared to 2013, there was a development in the traditional banking data in the same years. It is believed that the transfer of Bank Asya, one of the participation banks, from the Bank to the Savings Deposit Insurance Fund by the Banking Regulation and Supervision Agency and the subsequent process has an important effect in this decline. If necessary measures are taken for the participation banking sector and if the negative issues are not repeated, it can be said that this sector which is developing all over the world can continue its development in Turkey as well.

  • Issue Year: 9/2017
  • Issue No: 36
  • Page Range: 443-455
  • Page Count: 13
  • Language: Turkish